As with most economic situations, there are winners and losers, but under the hyperinflationary conditions, there is only one side to that equation where most people end up, and that is the side of the “loser”. As the money becomes worthless, people with savings suddenly realise that their savings are now worthless. Hyperinflation is […]

On Tuesday I said that Spain was set to be downgraded and overnight S&P took the decision to downgrade Spain two notches to BBB+, the outlook remains negative meaning that the chances are that another downgrade will come within 3 months as the rating agencies, once again, play catch up. Spanish bond markets have seen […]